Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 25.20

  (1)   You can deduct expenditure you incur for preparing, registering or stamping:

  (a)   a lease of property; or

  (b)   an assignment or surrender of a lease of property;

if you have used or will use the property solely for the * purpose of producing assessable income.

Property used partly for that purpose

  (2)   If you have used, or will use, the leased property only partly for that purpose, you can deduct the expenditure to the extent that you have used, or will use, the leased property for that purpose.